HomeMy WebLinkAbout1385 - Sale of Property to Gerald MadiganL]
1 RESOLUTION NO.
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WHEREAS, GERALD N. MADIGAN, a single man, has this day
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offered to the CITY OF NEWPORT BEACH the sum of $1300.00 for
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Lots 1, 2, 26 and 29, Tract 946, in the city of Newport Beach, as
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6 shown on Map recorded in Book 30, page 7 of Map Books, records of
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Orange County, California; and
WHEREAS, the said price is a fair and adequate price
as and for the purchase price of said lot; and
WHEREAS, the City Council of the City of Newport Beach
deems that it is for the best interests of said City that said
property be sold for the said sum of $1300.00; and
WHEREAS, the price offered is just, fair and adequate
and is not disproportionate to the real value of the property
above described.
NOW, THEREFORE, BE IT RESOLVED: That said property
be sold to the said Gerald N. Madigan, a single man, for the
sum of $1300.00, free and clear of all encumbrances, subject to
the taxes for the fiscal year 1936 -39, and unpaid improvement
assessments of record. Also subject to conditions, restrictions
and reservations of record. And the Mayor and the City Clerk
are hereby authorized and directed to execute and deliver a deed
for said property to the said party upon receipt of the consider-
ation above set forth.
BE IT FURTHER RESOLVED: That the sum of $130.00 be
paid to Frank Trickey, as and for his commission for the
negotiating of the sale of said real property to Gerald N.
Madigan, a single man, said sum being a fair and reasonable
commission to be allowed in said sale, and said broker being a
licensed realtor of the City of Newport Beach.
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I hereby certify that the above and foregoing
Resolution was duly and regularly passed and adopted by the
City Council of the City of Newport Beach at a regular meeting
thereof held on the 5th day of September, 19380 by the following
vote, to -wit: n,, /N _
�T ST
ty Clerl
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NOES, COUNCILMEN: T\�_ne_
ABSENT, COUNCILMEN :Qr 4
Mayor City of Newport Beach